Overview of Our Bankruptcy Services
The law firm of Klafter & Mason, L.L.C. provides personalized bankruptcy counsel for individuals and businesses throughout New Jersey. We offer a free initial consultation with our bankruptcy lawyer, Gary L. Mason, to discuss your unique financial concerns. Contact us today to find out more about your options.
From our offices in Manalapan, we offer skilled counsel in many areas of consumer and commercial bankruptcy including:
- Chapter 7 Bankruptcy: For eligible debtors, a Chapter 7 bankruptcy proceeding will discharge, in its entirety, certain forms of debt, such as credit card debt, unsecured lines of credit and medical expenses.
- Chapter 13 Bankruptcy: This form of bankruptcy allows wage earners to develop a plan to pay off all or a portion of their debt. How much a Chapter 13 debtor must repay to creditors is determined by a mathematical analysis focusing on, among other things, disposable income. Repayment plans may range from three to five years.
- Stopping Foreclosure: There are various ways to save your home from foreclosure and cure your mortgage arrears through a Chapter 13 plan of reorganization if you file for bankruptcy. The time to act, however, is now — not the day before the Sheriff’s sale.
- Credit Counseling: In October 2005, the Bankruptcy Code underwent a significant overhaul and now requires debtors to participate in credit counseling prior to filing a bankruptcy petition, and a financial management course as a pre-requisite to obtaining a discharge. Our attorneys can explain both of these administrative requirements in more detail and provide you with a list of approved credit counseling agencies offering the courses you need in connection with your bankruptcy filing.
- Life after Bankruptcy: Despite what you may have heard, obtaining credit is not impossible in the wake of a bankruptcy. You will be able to finance a vehicle again. You will be able to secure a mortgage or home equity loan again.
- Impact of Bankruptcy: The bankruptcy process may not be pleasant, but there is a new financial beginning waiting for you at the end. The philosophy of the Bankruptcy Code is a fresh start. That’s what the bankruptcy laws are meant to accomplish. That is what we will help you achieve.
- Commercial Bankruptcy: Businesses, like individuals, may become overwhelmed by debt, including but not limited to vendor payables, credit card debt, lease obligations, payroll taxes. If the situation is not handled properly and with the foresight necessary to anticipate potential issues, business owners may find themselves personally liable for business debt, or an otherwise salvageable business may find itself with no other option but closing its doors.
- Bankruptcy in Divorce: Bankruptcy may be a way to address financial issues encompassed within a divorce. Additionally, one spouse may be responsible for the debt of another. If you are in the middle of a divorce, or have been divorced, it is critical that you retain an experienced bankruptcy practitioner who understands and has experience with how a divorce proceeding impacts a bankruptcy proceeding.
We Offer Years of Experience With the Bankruptcy Process.
For more than 18 years, Attorney Gary L. Mason has helped individuals, families, and business owners find resolution to their legal and financial concerns through bankruptcy. When you are overwhelmed with debt, contact us at Klafter & Mason, L.L.C.
Call us toll free at 866-679-3598 or contact us online to schedule a free initial consultation. Our office is handicapped-accessible and is conveniently located just fifteen minutes from the New Jersey Turnpike and the Garden State Parkway. Parking is free.
